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China’s alleged intentions to mine Antarctica spark global debate
The frozen continent is protected from mining under an international treaty signed in 1991, China’s increasing interest to explore Antarctica and establish bases there is said to be driven by something...
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SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’...
Activists in front of the Securities and Exchange Commission’s (SEC) building in 2012 (Image provided). The U.S. Securities and Exchange Commission (SEC), current subject of a lawsuit by Oxfam America...
View ArticleIron ore price claims another scalp
The price of iron ore built consolidated recent gains on Friday with limited action due to a public holiday in benchmark price-setting Singapore. Yesterday the benchmark 62% Fe import price including...
View ArticleHelicopter operated by Russian coal company crashed in Arctic Norway
A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board into the sea off Svalbard. According to the rescue service for northern Norway, the...
View ArticleNorsk Hydro to buy Rio Tinto aluminum assets for $345 million
Norsk Hydro has offered Rio Tinto (ASX, LON:RIO) $345 million for the mining giant’s aluminum plant in Iceland, as part of the Norwegian firm’s efforts to ensure its output is as green as possible and...
View ArticleBrazil court denies Norsk Hydro request to resume production
A Brazilian court denied a request by Norwegian aluminum maker Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, the court said in a statement, in the latest setback after...
View ArticleFrance's ERAMET bids $218 mln for Australia's Mineral Deposits
France's ERAMET said on Friday it will make an all-cash takeover bid for Australia's Mineral Deposits Ltd at A$1.46 a share, valuing the company at about A$288 million ($218 million). ERAMET said the...
View ArticleQatar Petroleum says will list 49 pct of its shares in aluminium plant
State energy giant Qatar Petroleum said on Sunday that it will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering. The joint venture, in which Norway’s...
View ArticleNorway survey reveals seabed sulphide mineral deposits
OSLO, Sept 11 (Reuters) – Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits, which may include metals such as copper, zinc, cobalt, nickel, vanadium,...
View ArticleNorsk Hydro not buying Rio Tinto’s aluminum plant in Iceland
Norsk Hydro has backed out of a $345-million deal to buy Rio Tinto's (ASX, LON:RIO) aluminum plant in Iceland amid increasing uncertainty in the market and opposition from European regulators. The...
View ArticleDeep sea robots reveal mineral riches in the abyss
BERGEN, Norway, Sept 20 (Reuters) – From the safety of their research vessel, scientists are exploring one of Earth's last frontiers – the sea floor – to discover more about valuable minerals vital in...
View ArticleRio Tinto to restart sale of Icelandic aluminium plant
LONDON, Oct 10 (Reuters) – Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350 million, two sources...
View ArticleLoophole lets Norway's $1 trillion fund boost its coal exposure
Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel that’s seen as one of the main catalysts for global...
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Norway gives go-ahead to disputed Arctic copper mine
OSLO, Feb 14 (Reuters) – Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen....
View ArticleNorsk Hydro appoints new CEO amid Brazil woes
Norsk Hydro, one of the world's largest aluminium makers, said on Monday it will replace its chief executive in May as the company seeks to restore production at its troubled Alunorte plant in Brazil...
View ArticleCyber attack hits operations at aluminum maker Norsk Hydro
Norsk Hydro ASA, one of the world’s biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S. The company called the situation “quite...
View ArticleTesla boom lifts Norway's electric car sales to record market share
Almost 60 percent of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation (NRF) said on Monday, a global record as the country seeks to end fossil-fueled vehicles...
View ArticleNorway wealth fund to tighten coal ban, add green infrastructure
Norway plans to tighten restrictions on coal investments for its $1 trillion sovereign wealth fund while opening it up for renewable-energy infrastructure assets. The government proposes to expand its...
View ArticleArctic nations to meet amid tensions over environment, resources
Top diplomats from the United States, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with...
View ArticleNorway is using its wealth to lead an exodus from coal
Norway’s proposal to divest billions more from coal, and instead use the world’s largest sovereign wealth fund to invest in solar and wind is a sign of things to come – and may just be what catapults...
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